The Hain Celestial Group (NASDAQ:HAIN) Shares Gap Down – What’s Next?

The Hain Celestial Group, Inc. (NASDAQ:HAIN)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $8.90, but opened at $8.11. The Hain Celestial Group shares last traded at $7.85, with a volume of 558,296 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Stifel Nicolaus upped their target price on shares of The Hain Celestial Group from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Wednesday, August 28th. Piper Sandler reaffirmed a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a research note on Thursday, September 19th. DA Davidson reaffirmed a “neutral” rating and issued a $8.00 target price on shares of The Hain Celestial Group in a research note on Wednesday, August 28th. Finally, Barclays upped their target price on shares of The Hain Celestial Group from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, August 29th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, The Hain Celestial Group presently has an average rating of “Hold” and an average target price of $9.57.

The Hain Celestial Group Price Performance

The company has a market cap of $667.59 million, a price-to-earnings ratio of -9.60 and a beta of 0.74. The company has a quick ratio of 1.01, a current ratio of 1.98 and a debt-to-equity ratio of 0.78. The company’s fifty day moving average price is $8.43 and its two-hundred day moving average price is $7.55.

The Hain Celestial Group (NASDAQ:HAIN) last released its quarterly earnings results on Tuesday, August 27th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05. The company had revenue of $419.00 million during the quarter, compared to analysts’ expectations of $417.99 million. The Hain Celestial Group had a negative net margin of 4.32% and a positive return on equity of 3.10%. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 earnings per share. On average, equities research analysts forecast that The Hain Celestial Group, Inc. will post 0.48 EPS for the current fiscal year.

Insider Buying and Selling

In other The Hain Celestial Group news, insider Chad D. Marquardt bought 5,300 shares of The Hain Celestial Group stock in a transaction that occurred on Wednesday, September 4th. The stock was acquired at an average price of $8.32 per share, for a total transaction of $44,096.00. Following the completion of the acquisition, the insider now owns 15,300 shares of the company’s stock, valued at $127,296. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.83% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. First Trust Direct Indexing L.P. lifted its stake in The Hain Celestial Group by 13.0% in the first quarter. First Trust Direct Indexing L.P. now owns 16,404 shares of the company’s stock valued at $129,000 after acquiring an additional 1,885 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in The Hain Celestial Group by 10.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 49,058 shares of the company’s stock valued at $386,000 after acquiring an additional 4,708 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in The Hain Celestial Group by 164.6% in the first quarter. BNP Paribas Financial Markets now owns 70,526 shares of the company’s stock valued at $554,000 after acquiring an additional 43,873 shares during the last quarter. Quantbot Technologies LP lifted its stake in The Hain Celestial Group by 6.2% in the first quarter. Quantbot Technologies LP now owns 52,417 shares of the company’s stock valued at $412,000 after acquiring an additional 3,047 shares during the last quarter. Finally, Illinois Municipal Retirement Fund lifted its stake in The Hain Celestial Group by 3.3% in the first quarter. Illinois Municipal Retirement Fund now owns 54,172 shares of the company’s stock valued at $426,000 after acquiring an additional 1,710 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

The Hain Celestial Group Company Profile

The Hain Celestial Group, Inc manufactures, markets, and sells organic and natural products in United States, United Kingdom, Europe, and internationally. It operates through two segments: North America and International. The company offers infant formula; infant, toddler, and kids' food; plant-based beverages and frozen desserts, such as soy, rice, oat, and spelt; and condiments.